Billy McFarland Pleads Guilty …
Facing Up to 40 Years
3/6/2018 1:04 PM PST
The guy behind the disastrous Fyre Festival concert is most likely headed to prison … TMZ has learned.
Billy McFarland, who organized the 2017 festival in the Bahamas, agreed to plead guilty to 2 counts of wire fraud, connected to funds he got from investors in the concert. Prosecutors said he raised more than $1 million.
Nicholas Biase, spokesman for the US Attorney Southern District of NY, tells us each count carries a max sentence of 20 years. McFarland’s sentencing hearing is set for June.
Despite the money he collected, you’ll recall the Fyre Festival was a total disaster … with would-be concertgoers having to sleep in tents, or out on the beach when they’d paid for luxury accommodations. The food really sucked too.